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84% of Indian banking leaders report rising fraud losses, AI-driven threats emerge as major concern: Report
The survey, which covered 1,440 fraud-management, anti-money...
India’s ship certifier takes tougher stance on sanctioned tankers
Since 2023, Mumbai-based IRClass has de-classed 235 ships from its...
EIP partners with Nexacore, launches end-to-end device protection to Southeast Asia
Southeast Asia is expected to remain a high-growth market for device protection and warranty solutions, as rising usage and demand for protection products drive momentum across the wider region. As a result, the Asia-Pacific electronic gadget insurance market is...
NGT issues notice to Centre over hanging glacier danger in central Himalaya
The bench referred to the report and said four researchers from the Indian Institute of Science, Indian Institute of Technology Bhubaneswar and the Defence Research and Development Organisation, Chandigarh, which indicated violation of the provisions of the...
Iran war disrupts the circuit board supply chain, raises costs for tech firms
The disruption is a fresh blow to electronics manufacturers which are already grappling with soaring memory chip costs and highlights the broadening impact of the Iran war that has wreaked havoc on supply chains, plastics, and oil supplies. The conflict in the Middle...
US-Iran peace hopes fade as Trump scraps talks
Iranian President Masoud Pezeshkian told Pakistani Prime Minister Shehbaz Sharif by phone that Tehran would not enter "imposed negotiations" under threats or blockade, according to a statement from the Iranian government. He said the United States should first remove...
FM calls for exceptional vigilance on cybersecurity risks in financial system
Nirmala Sitharaman,Union Finance Minister "…not just Sebi but all regulated entities will have to remain exceptionally vigilant. The tools of attack are evolving at high speed, and the tools of defence must evolve even faster," Union Finance Minister Nirmala...
Govt forms panel under SBI chief Setty to assess Mythos-related risks: Sitharman
Nirmala Sitharaman,Union Finance Minister There will be a lot of interaction among banks over the next few weeks to understand the threats and also look at the areas where additional investments will be required, Sitharaman said. She said all this while, the system...
World facing “biggest energy security threat in history”: IEA chief Fatih Birol
Fatih Birol ,executive director,International Energy Agency The core of the current disruption remains the Strait of Hormuz, a primary maritime artery that previously facilitated the transport of 20 million barrels of oil and petroleum products daily. The passage is...
PwC pays $166 million to settle HK Evergrande audit probe
PwC “turned a blind eye” to Evergrande’s fraud, the Chinese securities regulator has said. PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant...
Goldman Sachs settles shareholder lawsuit over Malaysian 1MDB scandal
Goldman agreed in 2020 to pay $2.9 billion in penalties and have a Malaysian unit admit criminal wrongdoing to settle 1MDB probes by the U.S. Justice Department and other authorities. Goldman Sachs has agreed to settle a class-action lawsuit accusing the Wall Street...
Ex-Credit Suisse team plans $1 billion Fund for Data Center Risk
It would be the first time a product in the market for insurance-linked securities specifically targets data-center risk, according to Hilti. Euler plans to structure the vehicle as a so-called sidecar, meaning investors will take a quota share of an insurer’s risk....